Power prices hit fresh highs amid rising fuels and carbon prices
The power spot prices hedged down yesterday in northwestern Europe, weighed down by forecasts of slightly lower power demand and higher wind and solar productions.…
Crude prices continued to weaken on Wednesday despite the dollar edging lower, as the physical market’s weakness filtered through the futures’ market. Weak physical crude markets were combined with crashing diesel cracks, at the centre of refiners’ profitability. US petroleum stocks, reported by the EIA, showed a 3.6 mb build across crude and products. Sustained low refining runs continued to limit the demand side of the crude market. Gasoline shortages were resolved by a massive increase in imports, which will likely maintain cracks at elevated levels.
Get more analysis and data with our Premium subscription
Ask for a free trial here